Business Studies, asked by kichu699, 1 year ago

Define industry. Explain different types of industries giving examples.​

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Answered by indumalik2255
2

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Answered by presentmoment
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Industry:

  • The industry is the economic activity that processes the raw material into finished goods or goods which act as raw material for other industries.
  • It adds value to the commodity by enhancing its quality and transforming into goods of use.

Different types of industries include:

  • Primary industries: It involves getting raw material like mining, farming, fishing
  • Secondary industry: It transforms the finished goods of the primary industry into consumer goods like the automobile industry, tire making industry, etc.
  • Tertiary industry: provide a service like transporting, teaching, nursing, etc
  • Quaternary industry: which involves research and development like IT industry, forensics, etc.

Learn more about Industry:

Give Reason why the software industry emerged as a major industries in India.

https://brainly.in/question/6525164

Why is the chemical industry considered a basic industry?

https://brainly.in/question/2717402

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